As we head into 2024, the world is filled with geopolitical unrest. Your first thought may be, “What’s new?” But, what’s striking about the currently evolving conflict landscape is the level of nation state conflict, as opposed to the past few decades that almost exclusively saw nation states battling with non-nation state terrorist groups.
This blooming threat environment means a scale shift in the types of weapons, and weapon systems, that must now be purchased by global actors. And that means companies like Huntington Ingalls (HII), BAE Systems (BAESY), and Lockheed Martin (LMT) are likely in for outsized returns as the large ship, aircraft, and weapons system cycle is refreshed.
